Under-Construction Multifamily
For Sale
$312,645
Pending
3502 SE Sunset Ridge Dr, Lees Summit, MO 64083
Residential, Traditional, Lee's Summit, MO
Property Size1,722 SF
Lot Size0.11 Acres
Days on Market31
Property Features for 3502 SE Sunset Ridge Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Basement, Bedroom 2, Laundry Room, Bedroom 1
Basement
Concrete
Appliances
Dishwasher, Microwave, Electric Range
Subdivision
Cobey Creek
Middle school
Summit Lakes
High school
Lee's Summit West
Elementary school district
Lee's Summit
Middle school district
Lee's Summit
High school district
Lee's Summit
Directions
At Hwy 150 and Hwy 291 intersection, head east on Hwy 150. Head north on Sunset Ridge Dr and home is located on the left.
Standard status
Pending
APN
09-812-00-07-00-1-00-000
Size
1,722 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
Cobey Creek Lot 912
Tax Annual Amount
4243
HOA Fee
$75 Monthly
Legal Description
Cobey Creek Lot 912
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2027
Building materials
Board & Batten Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Tina Parr
(913) 433-6920
Added: Sep 29
Changed: Oct 24
Last Checked: Oct 29 at 8:06AM
MLS# 2648279
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is under construction, with completion planned for 2027. The listed interior includes three bedrooms, three bathrooms, a basement, and a laundry room across 1,722 square feet. Board-and-batten siding and a composition roof are specified, along with central natural gas heating and electric cooling.
The planned residence includes a dishwasher, microwave, and electric range. Public water and public sewer serve the property. Images provided are renderings rather than photographs of the completed home.
The planned residence includes a dishwasher, microwave, and electric range. Public water and public sewer serve the property. Images provided are renderings rather than photographs of the completed home.
Key Highlights
- 1,722 square feet of property space
- Three bedrooms and three bathrooms
- Basement and separate laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,485
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,700
$329.7K
Cap Rate 7%
$235,500
$235.5K
Cap Rate 9%
$183,167
$183.2K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$31.6K $18.36/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$30.0K $17.41/SF
− OpEx
−$13.5K −$7.83/SF
NOI
$16.5K $9.57/SF
Area
Lees Summit, MO
Vacancy
5.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,700
Cap Rate 7%
$235,500
Cap Rate 9%
$183,167
Alternative Uses
Best Use
Apartment 5plus
$235.5K
$206.1K – $274.8K
NOI $16,485 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$437.0K
$382.4K – $509.9K
NOI $30,593 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 64083, MO
24,945
Population
10,058
Households
2.5
Avg Household Size
40
Median Age
37%
College-Educated
95%
High-School Grad
25.7 sq mi
ZIP Area
971
Density / Sq Mi
$99,575
Median Household Income
$53,042
Median Earnings
$1,262
Median Rent
$316,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Planned improvements include three bedrooms, a basement, and a dedicated laundry room.
Where is this multifamily property located?
The property is located at 3502 SE Sunset Ridge Dr Lees Summit, MO.
What is the asking price?
The asking price for this property is $312,645.
What are key features of this property?
This property features: 1,722 square feet of property space; Three bedrooms and three bathrooms; Basement and separate laundry room
